By the way, if you can make the college free, why not providing kids with free breakfast, lunch and dinner every single day? You don't know how many kids are starving even in a place like Silicon Valley where the annual average salary for the high tech worker is approaching $200k? Well, in regard to the education? These kids at 6th grade, they don't even know multiplication. The teachers don't care and don't assign homework. The school can't supply the textbooks. It is quite sickening. But we don't care. We care more about giving tax benefits to the rich, so we can be disillusioned to think that these money will trickle down to us.
Just out of curiosity, have you guys heard of hoarding and disappearing middle class in the last few years? Probably not.
The 1% will not let that happen. Keep dreaming.
OK, there was a bubble. And it popped, however the 1% has managed to slither their way out of it by simply squeezing more from the middle class. Most of them are idiots, and they have absolutely no idea what is going on. They look at the 1% and think that we are OK and good shape. If we are in better shape, then why are we, the middle class, disappearing? Every data is looking better for the 1% and bad for the rest of us.
This site was originally conceived to educate people. I have realized that there is no cure for stupidity. So most of the smart people gave up and comes here only sporadically.
What do you expect when the 1% is hoarding all the money and goods they got from the tax benefit? It is time to stick it up their asses with massive tax. If they wanna get out of this country to dodge the tax, we should make sure they can't use any of our public system in this country including the highway etc.
What do you expect when the 1% is hoarding all the money and goods from the tax benefit they got? This wax supposed to happen. The economy is going to be better for the next few years, and the people would go through the amnesia about the fact that we gave so much to the rich. You wanna get out of this country? It is same every where.
What? 0.6%? That's 2.4% in a year? WTF? OK, if you are already using 66.7% of your salary, you are only using 3.6% more of your salary. That's about 73% of your salary. The increase itself was not the problem. It is the starting cost of housing. This is exactly what I am talking about. The 1% is putting the squeeze on the middle class.
Jesus, talk about how the 1% is ruling the US.
Population of the US:
2000-03-01 281 millions
2010-03-01 309 millions (+28 millions)
2015-03-01 320 millions (+11 millions since 2010, + 39 millions since 2000 or the equivalent of California population)
Man, talk about more idiots coming out of the woods. Within 10 years, that's increase of less than 1% a year. Are you playing the number game to dupe us or are you seriously retarded? Did you read? I wrote that last year the increase in population was about 0.7%. Damn, why am I wasting my time with idiots? That's only 2 million a year. That's less than 1%. See, this is what I am saying when I said "don't let other people do the thinking."
No, not everyone is going to be a home owner. If the banks and investors released the millions of properties on their book to a half of the increased population (ok, only a million? Big deal, we even have the capacity to build more than a million units a year), it would ease the congestion. If the Feds increases the rates, there will be more foreclosed properties on the market. Everything is working against the middle class and for the 1%. Damn, now I know how idiots are deceived into thinking this has nothing to do with the 1%. It's a shame. No matter what, these idiots or the 1% are coming back with more number game to screw us.
You honestly believe a couple of million foreclosed properties popping up all of sudden is not going to have any impact? Man.... Talk about stupidity. No, delinquent properties are kept off the market, because Feds are bent on saving the 1%. It will eventually be on the market or demolished once the 1% has duped enough idiots. congratulation, you are one of them.
Rents going up 30%+ since 2008 has nothing to do with your silly 1% conspiracy theories
Bill, this is what happens to people who don't ask why or how. The population in US has only grown about 0.7% last year. If the banks and investors released the foreclosed properties without holding onto it or demolishing it, we would have more properties out there on the market to depress the pricing. .
U.S. producers pumped out an average of 9.2 million barrels of crude daily in the latest week, the most since the federal government started keeping records.
Bill, not only an idiot, you can't do the math right. Why didn't they increase the production or release our domestic reserve oil to the public to stabilize the price of gasoline back then. We did none of those. Don't think it is just a coincidence that the price of gasoline came down as soon as Feds announced the possibility of ending QE. What military are you talking about. This is what happens if you write without due diligence. Stupidity shows.
Mirror time, pal.
I know yours is all fogged up. First, wipe your mirror, when it is clear you may see something else. Maybe not, cause there is no known cure for stupidity.
The government and the Feds have saved the 1% by pumping up the market with cheap money, i.e. QE. The price of housing recovered, because the banks and investors, The 1%, were able to use the cheap money to keep the foreclosed properties off the market. It didn't help the home owners as most of them were the middle class, not the 1%. As the result, the high price of housing exceeded the rate of salary increase. No one except the 1% can afford to buy a property now. But that's OK. When is the last time, the government tried to save the middle class rather than the 1%.
You know what else happened? Now the QE is coming to an end, it has ended high price of gasoline. The high price of gasoline was after all not driven by the demand in China but by the 1% and the Feds. It was to squeeze every penny out of middle class by the 1%. We were all deluded by the 1% to blame demand in China.
The problem is most of us believe in the shit that we are fed by the 1%. It is like a cult. There are just too many idiots who can't even do their own thinking out there.
The sales tumbles every where. OK. So what? You guys are making too many assumptions. It could be that there are not enough sellers or not enough buyers. The article does not say anything about the average price of housing. Unfortunately Silicon Valley does not seem to follow the national trend. The housing price seems to go through the stratosphere and into next galaxy. I wonder what kind of people can afford a house in Silicon Valley.
What? What do you mean it is up 2.4%? How could that be, when the inventory is so scarce? There were nothing to buy in Silicon Valley. It must be only in Central Valley where nobody cares.
I don't see how this could be bad for the economy. Oh, yeah, I forgot. This is bad for the 1%, and the media is controlled by the 1%. The 1% must be getting desperate. When the economy was bad, really bad for the 1%, the Feds had stepped into increasing the price of commodity by QE. Now the QE is ending, we should have known that the high price of oil was coming to an end. The demand by Chinese market is not really waning as their GDP is still growing. When Feds were helping the 1%, the rest of the economy was suffering. The 1% has recovered by hoarding more money from the middle class. Hence the middle class was disappearing fast. Now, QE is ending, we have to pay less at the pump and at the grocery stores.
So who were the idiots that believed in trickle down economy? You guys are idiots. People are greedier than you think they are. They are hoarders. They swindle money from the middle class and hoard the money. We should call our economy "Hoarding Economy." And we should abandon the idea of giving tax breaks to the rich. It is ridiculous. Now, we can use the money we saved at the pump and the grocery stores to buy other goods. That will move the money around.
Wait a minute. American aged 16 and older not participating in the labor market? Not participating? You interpret to mean that there is less job out there or bad economy? My kids and my friend's kids are not looking for a job. After i read you guys' comments, I am confused. I need to go check my eyes. No matter how many times I read, it looks like 16 to me. This is a classic omission of information to mislead the readers into thinking something more sinister is going on. Before making a judgement, do your own diligence.
I first thought about using this story as how giving tax credit to the rich has disseminated the middle class with the hoarding economy. Then I find that so much information is missing from this story. This is media manipulation called omission of information to mislead us to think something else. The rent is indeed expensive in Silicon Valley. But if you look carefully, there are places with more reasonable rents even in Silicon Valley.
zzyzzx, shut up already. A god damn idiot has to repeat everything.
Well, the government made a conscious effort to raise the cost of housing to help the rich and hurt the middle class who would be the main engine for the housing market.
I don't get this. ISIS has been doing much worse stuff to everyone around the globe. And this one incident is going to make a difference?
I just can't picture Japan going to attack any country with the current law that the US has imposed on Japan after the WWII. Even with the last Gulf War, Japan was only able to pay the US $90 billion as a form of aid for the war. I just can't see how Japanese citizens would agree to any war with another nation.
So let's not get our hopes up high in thinking Japanese would join the fight against ISIS.
20-25% correction in the stock market is too high right now and prefer to watch from the sidelines until either the market corrects or it becomes obvious that I screwed up.
Iwog, this is a pretty weak bearish statement from you. I am surprised.
Hmmm? I thought the last real estate crisis was caused by the unrealistic expectation of return from the real estate market. No?
People for some reason have averse reaction regardless of whether it affects them or not, when it comes to tax increase. It is laughable. Opposing this tax increase would only benefit rich and hurt the middle class. Boehner is Republican, and their agenda is to help the rich enable suck more from the middle class.
Year, sure, you use that money to keep building, then on the surface your growth may look like 7.3%. However if these buildings are left empty, it is not a true growth of the economy. These assets need to return some profit. Each day goes by without a profit, the asset shrinks at the rate of interest. To counter it, you pump more money. If you pump trillion dollars, it will take some time to deplete it. But when it does, it will take exponential speed to make the situation worse.
We should know the history. There was a roaring 20's which is followed by the depression and 2 World Wars. China is following the same fate. To make the matter worse, China is building weapons and arms stealing our technologies.
The difference this time is that China has a nuclear weapon. Just watch. China has begun to muscle smaller nations.
What boggles my mind is that even the middle class who has absolutely nothing to do with this tax hike will be on the bandwagon to oppose this plan. Regardless of where the tax revenue comes from, the government will always squander the money. So wouldn't you have it come from the rich who has benefited from the government hand out as in the form of QE?
QE has only enabled the rich to suck up more from the middle class.
Then again, we are living in a hoarding economy, and I know the 1% will fight to the very end. And in the end, nothing will change. The rest of us has to pay for it one way or another.
I have not seen deflation in anything important besides gasoline.
Our economy does not function on one commodity like gasoline alone. But paying less at the pump would let us spend our cash on something else. That should enhance our consumption and help the economy overall.